PB Fintech falls 48% in six sessions to Rs 980

PB Fintech closed at Rs 980 on 1 October 2026, down 48% in six sessions after the insurance regulator proposed lower commission caps. PB Fintech Limited [

] fell 7.89% to close at Rs 980 on 1 October 2026. It was the sixth lower session in a row, and the stock is down 48% from its 23 September close of Rs 1,886.30. The fall started on 24 September, after the Insurance Regulatory and Development Authority of India released a consultation paper on insurance commissions. It proposes lower caps across motor, health and life policies, including 5% on health renewals. This is a proposal, not a final rule. It has broken the Rs 1,000 level and at Rs 980, the stock sits at its November 2021 issue price and at a two and a half year low. The relative strength index is 19.73, which is oversold. Volume was 14.06 million shares, well below the peak near 40 million. A bounce is possible, but this fall is news driven, so I do not treat oversold readings as a bottom. The earlier support of Rs 1,311 is now resistance, on lower side Rs 890 to Rs 825 may act as near-term support. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.